September 2015

Multiple Listing Service® (MLS®) residential sales in the province are expected to reach 100,000 units in 2015 for only the third time on record. This will also be the first time since 2007 that BC home sales surpass the ten year average. The surge in housing demand is broad-based across most BC regions, with nine of 11 boards expecting an increase in unit sales ranging from 10 to 26 per cent over 2014 levels. A record 106,300 homes traded hands on the BC MLS® during 2005.

The housing market is being underpinned by strong economic growth, improving labour markets, population growth and persistently low mortgage interest rates. British Columbia can boast the best performing economy in the country this year. Real GDP growth of 2.5 per cent this year and